LNG work helps boost MHPA profits to £179,000

9:47am Wednesday 5th September 2007

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Milford Haven Port Authority has published its annual accounts which show a massive boost from LNG activity.

The authority has reported pre-tax profits of £179,000, much of which is attributed to the construction of the LNG terminals.

Chief executive, Ted Sangster said: "2006 saw a balance between managing current activities and planning for the future."

The authority is also involved in the Martello Quays project and the planned outer marine facility at Milford Docks.

An agreement has been reached on the purchase of the RMAS base from the MoD in Pembroke Dock and the authority is also supporting the proposed use of the former MoD site at Blackbridge for a bio-fuel and electricity generating plant.

Mr Sangster added: "Our involvement in development projects such as these is a graphic illustration of the way in which we, as a trust port, are able to take a long-term view and seek to encourage or directly undertake developments that enable continuing support for existing waterway users, as well as provide opportunities for profitable expansion and introduction of new business in the future."